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11) Cash outlays that had been previously made and have

Question : 11) Cash outlays that had been previously made and have : 1417661

 

 

11) Cash outlays that had been previously made and have no effect on the cash flows relevant to a current decision are called ________.

A) incremental historical costs

B) incremental past expenses

C) opportunity costs foregone

D) sunk costs

 

 

12) Cash flows that could be realized from the best alternative use of an owned asset are called ________.

A) incremental costs

B) lost resale opportunities

C) opportunity costs

D) sunk costs

 

13) Please explain the difference between a sunk cost and an opportunity cost and give an example of each type of cost.

 

 

 

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